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Uber is reportedly set to invest more than $10 billion in acquiring thousands of autonomous vehicles and taking stakes in their developers.
Uber plans to invest over $10 billion in autonomous vehicles and related stakes.
KEY POINTS
- Uber's strategy includes purchasing at least 35,000 Lucid Gravity SUVs for robotaxi deployment.
- Uber is transitioning from an asset-light model to directly owning and financing vehicle fleets.
- Uber will act as a distribution platform for various autonomous vehicle makers, not just ride-hailing.
- Uber's investments are tied to deployment milestones and aim to counter competition from Waymo, Tesla, and Zoox.
COMPANIES
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